{"id":12127,"date":"2024-07-31T14:47:59","date_gmt":"2024-07-31T09:17:59","guid":{"rendered":"https:\/\/razorpay.com\/learn\/?p=12127"},"modified":"2025-04-23T17:07:41","modified_gmt":"2025-04-23T11:37:41","slug":"income-tax-refund-status","status":"publish","type":"post","link":"https:\/\/razorpay.com\/learn\/income-tax-refund-status\/","title":{"rendered":"Income Tax Refund Status For FY 2023-24: Check ITR Refund Status"},"content":{"rendered":"<h2><strong>Understanding Income Tax Refunds<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">An income tax refund occurs when you&#8217;ve overpaid your tax liability. This typically happens when:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>TDS Deductions Exceed Tax Liability:<\/b><span style=\"font-weight: 400;\"> Taxes deducted at source (TDS) on your income exceed your actual tax liability.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Advance Tax Payments:<\/b><span style=\"font-weight: 400;\"> You&#8217;ve paid more advance tax than required.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Excess Tax Paid:<\/b><span style=\"font-weight: 400;\"> You&#8217;ve overestimated your tax liability during self-assessment.<\/span><\/li>\n<\/ul>\n<p><b>How the Refund is Calculated:<\/b><span style=\"font-weight: 400;\"> When you file your income tax return, the tax department calculates your total income, deductions, and tax payable. If the amount you&#8217;ve already paid (TDS, advance tax) exceeds the calculated tax liability, a refund is generated.<\/span><\/p>\n<p><b>Refund Payment Methods:<\/b><span style=\"font-weight: 400;\"> Refunds are typically credited directly to the bank account linked to your income tax return. In some cases, a <a href=\"https:\/\/razorpay.com\/learn\/what-is-cheque\/\">cheque<\/a> may be issued.<\/span><\/p>\n<p><b>Important Note:<\/b><span style=\"font-weight: 400;\"> Ensuring accurate bank account details in your income tax return is crucial for smooth refund processing.<\/span><\/p>\n<h2><strong>How to Check your ITR Status FY 2023-24 (AY 2024-25)?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">To track the progress of your income tax refund, you can utilize two primary methods:<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"> Checking Refund Status on the Income Tax e-Filing Portal<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Checking Refund Status on the NSDL TIN Website<\/span><\/li>\n<\/ol>\n<h3><strong><span style=\"text-decoration: underline;\">Method 1:<\/span> Checking Refund Status on the Income Tax e-Filing Portal<\/strong><\/h3>\n<p><b>Step 1:<\/b><span style=\"font-weight: 400;\"> Visit the <\/span><a href=\"https:\/\/eportal.incometax.gov.in\/iec\/foservices\/#\/login\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Income Tax e-Filing portal<\/span><\/a><span style=\"font-weight: 400;\"> and log in to your account.<\/span><\/p>\n<p><b><img decoding=\"async\" class=\"alignnone wp-image-12128 size-full\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Screenshot-2024-07-31-at-1.32.05\u202fPM-scaled.webp\" alt=\"Step 1: Visit the Income Tax e-Filing portal and log in to your account.\" width=\"2560\" height=\"1447\" srcset=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Screenshot-2024-07-31-at-1.32.05\u202fPM-scaled.webp 2560w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Screenshot-2024-07-31-at-1.32.05\u202fPM-300x170.webp 300w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Screenshot-2024-07-31-at-1.32.05\u202fPM-1024x579.webp 1024w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Screenshot-2024-07-31-at-1.32.05\u202fPM-768x434.webp 768w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Screenshot-2024-07-31-at-1.32.05\u202fPM-1536x868.webp 1536w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Screenshot-2024-07-31-at-1.32.05\u202fPM-2048x1157.webp 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/>Step 2:<\/b><span style=\"font-weight: 400;\"> From the top navbar, click on &#8220;Dashboard.&#8221;<\/span><\/p>\n<p><b><img decoding=\"async\" class=\"alignnone wp-image-12129 size-full\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/From-the-top-navbar-click-on-Dashboard.-scaled.webp\" alt=\"Step 2: From the top navbar, click on &quot;Dashboard.&quot;\" width=\"2560\" height=\"1453\" srcset=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/From-the-top-navbar-click-on-Dashboard.-scaled.webp 2560w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/From-the-top-navbar-click-on-Dashboard.-300x170.webp 300w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/From-the-top-navbar-click-on-Dashboard.-1024x581.webp 1024w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/From-the-top-navbar-click-on-Dashboard.-768x436.webp 768w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/From-the-top-navbar-click-on-Dashboard.-1536x872.webp 1536w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/From-the-top-navbar-click-on-Dashboard.-2048x1162.webp 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/>Step 3:<\/b><span style=\"font-weight: 400;\"> Select &#8220;View ITR Status.&#8221;<\/span><\/p>\n<p><b><img decoding=\"async\" class=\"alignnone wp-image-12130 size-full\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-1-scaled.webp\" alt=\"Step 3: Select &quot;View ITR Status.&quot;\" width=\"2560\" height=\"1453\" srcset=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-1-scaled.webp 2560w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-1-300x170.webp 300w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-1-1024x581.webp 1024w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-1-768x436.webp 768w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-1-1536x872.webp 1536w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-1-2048x1162.webp 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/>Step 4:<\/b><span style=\"font-weight: 400;\"> Your ITR refund status will be displayed on the screen.<\/span><\/p>\n<h3><strong><span style=\"text-decoration: underline;\"><img decoding=\"async\" class=\"alignnone wp-image-12131 size-full\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-scaled.webp\" alt=\"Step 4: Your ITR refund status will be displayed on the screen.\" width=\"2560\" height=\"1453\" srcset=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-scaled.webp 2560w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-300x170.webp 300w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-1024x581.webp 1024w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-768x436.webp 768w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-1536x872.webp 1536w, https:\/\/d6xcmfyh68wv8.cloudfront.net\/learn-content\/uploads\/2024\/07\/Step-3-Select-View-ITR-Status.-2048x1162.webp 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/>Method 2:<\/span> Checking Refund Status on the NSDL TIN Website<\/strong><\/h3>\n<p><b>Step 1:<\/b> <b>Visit the NSDL TIN Website:<\/b><span style=\"font-weight: 400;\"> Access the NSDL TIN website (tin.tin.nsdl.com).<\/span><\/p>\n<p><b>Step 2:<\/b> <b>Enter PAN and Assessment Year:<\/b><span style=\"font-weight: 400;\"> Provide your PAN number, select the assessment year, and enter the captcha code.<\/span><\/p>\n<p><b>Step 3:<\/b> <b>View Refund Status:<\/b><span style=\"font-weight: 400;\"> Click &#8216;Proceed&#8217; to view the status of your refund.<\/span><\/p>\n<h2><b>Processing Time for ITR Refunds<\/b><\/h2>\n<p><b>Typically, after e-verifying your income tax return, the Income Tax Department aims to process refunds within four to five weeks.<\/b><span style=\"font-weight: 400;\"> However, this timeframe is an estimate and can vary depending on factors such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Complexity of the Income Tax Return:<\/b><span style=\"font-weight: 400;\"> Returns with numerous deductions, exemptions, or investments might require additional scrutiny.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Verification Process:<\/b><span style=\"font-weight: 400;\"> The income tax department may initiate verification procedures, causing delays.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pending Tax Demands:<\/b><span style=\"font-weight: 400;\"> Outstanding tax liabilities can halt refund processing until resolved.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bank Account Details:<\/b><span style=\"font-weight: 400;\"> Incorrect or outdated bank account information can hinder refund transfers.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It&#8217;s essential to be patient and allow sufficient time for the refund process to complete. If you haven&#8217;t received your refund within the expected timeframe, you can check the refund status or contact the income tax department for further assistance.<\/span><\/p>\n<h2><b>How to Request for Tax Refund Reissue<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If your income tax refund shows processed but hasn&#8217;t been credited to your bank account, you can initiate a reissue request. Here&#8217;s how to do it:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Access the Income Tax e-Filing Portal:<\/b><span style=\"font-weight: 400;\"> Visit the official website (<\/span><a href=\"https:\/\/www.incometax.gov.in\/iec\/foportal\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">https:\/\/www.incometax.gov.in\/iec\/foportal\/<\/span><\/a><span style=\"font-weight: 400;\">) and log in using your PAN, password, date of birth, and captcha code.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Navigate to Refund Reissue Request:<\/b><span style=\"font-weight: 400;\"> Once logged in, navigate to the &#8216;My Account&#8217; section and then click on &#8216;Service Request.&#8217;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Select Refund Reissue Option:<\/b><span style=\"font-weight: 400;\"> Under &#8216;Request Type,&#8217; choose &#8216;New Request,&#8217; and then select &#8216;Refund Reissue&#8217; under &#8216;Request Category.&#8217;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Choose the Assessment Year:<\/b><span style=\"font-weight: 400;\"> A screen will display acknowledgment numbers for each year you filed an income tax return. Click &#8216;Submit&#8217; under the &#8216;Response&#8217; section for the year where you wish to request a refund reissue.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Provide Bank Details:<\/b><span style=\"font-weight: 400;\"> Enter your <a href=\"https:\/\/razorpay.com\/learn\/bank-account-number\/\">bank account number<\/a>, account type, <a href=\"https:\/\/razorpay.com\/blog\/decoding-ifsc-codes-meaning-importance\/\">IFSC code<\/a>, and bank name. Ensure these details match the account linked to your income tax return.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Submit Request:<\/b><span style=\"font-weight: 400;\"> After verifying the information, click on &#8216;Submit&#8217; to initiate the request.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Track Reissue Status:<\/b><span style=\"font-weight: 400;\"> The Income Tax Department will process your request and credit the refund amount to your bank account within a few days. You can track the status of your request using the e-filing portal.<\/span><\/li>\n<\/ol>\n<h2><b>Understanding Different Income Tax Refund Statuses<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Understanding your income tax refund status can be confusing. Here&#8217;s a breakdown of common refund statuses and what they mean:<\/span><\/p>\n<h3><b>1. No E-filing has been done for Current AY<\/b><\/h3>\n<p><b>What does this mean?<\/b><span style=\"font-weight: 400;\"> This indicates your income tax return for the current assessment year (AY) hasn&#8217;t been filed.<\/span><\/p>\n<p><b>What to do?<\/b><span style=\"font-weight: 400;\"> Double-check the AY you entered for checking the refund status. Remember, Financial Year (FY) 2022-23 corresponds to Assessment Year (AY) 2023-24. If you haven&#8217;t filed your return, do so as soon as possible.<\/span><\/p>\n<h3><b>2. Under Processing<\/b><\/h3>\n<p><b>What does this mean?<\/b><span style=\"font-weight: 400;\"> The Income Tax Department is still processing your return.<\/span><\/p>\n<p><b>What to do?<\/b><span style=\"font-weight: 400;\"> Wait for a month before checking the status again.<\/span><\/p>\n<h3><b>3. Refund Issued<\/b><\/h3>\n<p><b>What does this mean?<\/b><span style=\"font-weight: 400;\"> The Income Tax Department has processed your return and issued your refund. You should receive it via cheque or direct bank deposit.<\/span><\/p>\n<h3><b>4. Processed with No Demand No Refund<\/b><\/h3>\n<p><b>What does this mean?<\/b><span style=\"font-weight: 400;\"> There are two possibilities:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">You filed with no refund due and no outstanding tax.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The department denied your refund request due to mismatched TDS data or incomplete filing.<\/span><\/li>\n<\/ul>\n<p><b>What to do?<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">If you forgot deductions, file a revised return.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">If the department disagrees with your information, they&#8217;ll send you a notice (u\/s 143(1)) explaining why. You can then rectify your return or seek expert help.<\/span><\/li>\n<\/ul>\n<h3><b>5. Refund Failure<\/b><\/h3>\n<p><b>What does this mean?<\/b><span style=\"font-weight: 400;\"> The refund couldn&#8217;t be processed due to incorrect or non-pre-validated bank account details.<\/span><\/p>\n<p><b>What to do?<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Log in to incometax.gov.in and update your bank details.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Pre-validate your bank account and request a &#8220;Refund Reissue.&#8221;<\/span><\/li>\n<\/ul>\n<h3><b>6. Case Transferred to Assessing Officer<\/b><\/h3>\n<p><b>What does this mean?<\/b><span style=\"font-weight: 400;\"> This could mean:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">The department needs further information regarding your return.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">You may have outstanding taxes that will offset your refund.<\/span><\/li>\n<\/ul>\n<p><b>What to do?<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Contact your Jurisdictional Assessing Officer (AO) for clarification.<\/span><\/li>\n<\/ul>\n<h3><b>7. Demand Determined<\/b><\/h3>\n<p><b>What does this mean?<\/b><span style=\"font-weight: 400;\"> Your refund request was rejected, and you owe taxes instead.<\/span><\/p>\n<p><b>What to do?<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Review the department&#8217;s intimation to understand why the refund was denied.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">If your request was incorrect, pay the outstanding tax within the specified timeframe.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">If you believe the department made an error, rectify your return or seek expert help.<\/span><\/li>\n<\/ul>\n<h3><b>8. Rectification Processed Refund Determined<\/b><\/h3>\n<p><b>What does this mean?<\/b><span style=\"font-weight: 400;\"> Your rectified return was accepted (fully or partially), and a refund has been calculated and credited.<\/span><\/p>\n<h3><b>9. Rectification Processed Demand Determined<\/b><\/h3>\n<p><b>What does this mean?<\/b><span style=\"font-weight: 400;\"> Your rectified return was accepted (fully or partially), but you still owe outstanding taxes.<\/span><\/p>\n<p><b>What to do?<\/b><span style=\"font-weight: 400;\"> Review the intimation and pay the outstanding tax within 30 days.<\/span><\/p>\n<h3><b>10. Rectification Processed No Demand No Refund<\/b><\/h3>\n<p><b>What does this mean?<\/b><span style=\"font-weight: 400;\"> Your rectified return was accepted (fully or partially), but you neither owe taxes nor receive a refund.<\/span><\/p>\n<p><b>What to do?<\/b><span style=\"font-weight: 400;\"> Review the intimation for clarification. Consider seeking expert help for further guidance.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Remember, this information is for general understanding. If you have specific questions or encounter issues, consult a tax professional.<\/span><\/i><\/p>\n<h2><b>Income Tax Refund Helpline<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If you have any questions regarding your income tax refund, you can reach out to these resources:<\/span><\/p>\n<p><b>Aaykar Sampark Kendra (ASK):<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This is the Income Tax Department&#8217;s general helpline for income tax queries, including refunds.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Toll-free Number: 1800-180-1961<\/span><\/li>\n<\/ul>\n<p><b>Email:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can also send a detailed email with your refund query to: <\/span><a href=\"mailto:refunds@incometax.gov.in\"><span style=\"font-weight: 400;\">refunds@incometax.gov.in<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b>CPC Bangalore Refund Processing:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For queries or modifications related to refunds processed by the Centralized Processing Center (CPC) in Bangalore, you can contact these numbers:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Toll-free Number: 1800-425-2229<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Landline Number: 080-43456700<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>Payment-related Queries:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For any questions regarding the payment of your refund, contact the SBI Contact Centre toll-free number: 1800-425-9760<\/span><\/li>\n<\/ul>\n<h2><strong>FAQs<\/strong><\/h2>\n<h3><strong>What happens if my bank account details change after filing the income tax return?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">If your bank account details change after filing your income tax return, you need to update your bank information on the income tax e-filing portal. This can be done through the &#8216;Profile Settings&#8217; section. Ensure the update is made before the refund is processed to avoid delays or issues.<\/span><\/p>\n<h3><strong>What does it mean if my refund status shows as &#8220;processed but not credited&#8221;?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">If your refund status shows as &#8220;processed but not credited,&#8221; it indicates that the income tax department has approved your refund, but it has not yet been transferred to your bank account. This could be due to various reasons, such as bank processing time or technical glitches. You should continue to monitor the status and contact your bank if the issue persists.<\/span><\/p>\n<h3><strong>What documents are required for a refund reissue?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">To request a refund reissue, you typically need to provide your PAN number, assessment year, bank account details, and any supporting documents that may be required by the income tax department. It&#8217;s advisable to keep a record of your initial refund request and any correspondence with the tax authorities.<\/span><\/p>\n<h3><strong>Will I have to pay tax on the refund amount?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">No, the refund amount is a repayment of excess tax paid by you and is not considered taxable income. Therefore, you will not have to pay any tax on the refund amount.<\/span><\/p>\n<h3><strong>What is the difference between an income tax return and an income tax refund?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">An income tax return is a document submitted to the income tax department declaring your income, deductions, and tax liability for a specific financial year. An income tax refund is the amount repaid to you by the income tax department if you have overpaid your taxes.<\/span><\/p>\n<h3><strong>What is the time limit for claiming an income tax refund?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">An income tax refund can only be claimed after the Income Tax Return (ITR) has been filed. The deadline for filing ITR and obtaining refunds for any Assessment Year (AY) is December 31.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Understanding Income Tax Refunds An income tax refund occurs when you&#8217;ve overpaid your tax liability. This typically happens when: TDS Deductions Exceed Tax Liability: Taxes deducted at source (TDS) on your income exceed your actual tax liability. Advance Tax Payments: You&#8217;ve paid more advance tax than required. Excess Tax Paid: You&#8217;ve overestimated your tax liability<\/p>\n","protected":false},"author":151156611,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3435],"tags":[],"class_list":{"0":"post-12127","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-gst-tax-government"},"_links":{"self":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/12127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/users\/151156611"}],"replies":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/comments?post=12127"}],"version-history":[{"count":6,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/12127\/revisions"}],"predecessor-version":[{"id":16943,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/12127\/revisions\/16943"}],"wp:attachment":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media?parent=12127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/categories?post=12127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/tags?post=12127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}